Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the amortization table. (Type an integer or a decimal.) Amortization Table Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 Amount of Interest Payment for Period $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 Amortization Table $215.17 $215.17 $215.17 $215.17 $215.17 $215.13 Print $12.50 $11.49 $10.47 $9.44 $8.42 $7.38 $6.34 $5.30 $4.25 $3.20 $2.14 $1.07 Portion to Principal $202.67 $203.68 $204.70 $205.73 $206.75 $207.79 $208.83 $209.87 $210.92 $211.97 $213.03 $214.06 Done Principal at End of Period $2500.00 $2297.33 $2093.65 $1888.95 $1683.22 $1476.47 $1268.68 $1059.85 $849.98 $639.06 $427.09 $214.06 $0.00
Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the amortization table. (Type an integer or a decimal.) Amortization Table Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 Amount of Interest Payment for Period $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 Amortization Table $215.17 $215.17 $215.17 $215.17 $215.17 $215.13 Print $12.50 $11.49 $10.47 $9.44 $8.42 $7.38 $6.34 $5.30 $4.25 $3.20 $2.14 $1.07 Portion to Principal $202.67 $203.68 $204.70 $205.73 $206.75 $207.79 $208.83 $209.87 $210.92 $211.97 $213.03 $214.06 Done Principal at End of Period $2500.00 $2297.33 $2093.65 $1888.95 $1683.22 $1476.47 $1268.68 $1059.85 $849.98 $639.06 $427.09 $214.06 $0.00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Use the amortization table to determine how much interest is paid in the first 4 months of the loan.
Click the icon to view the amortization table.
$
(Type an integer or a decimal.)
Amortization Table
Payment
Number
0
1
2
3
4
5
6
7
8
9
10
11
12
Amortization Table
Amount of
Payment
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.17
$215.13
Print
Interest
for Period
$12.50
$11.49
$10.47
$9.44
$8.42
$7.38
$6.34
$5.30
$4.25
$3.20
$2.14
$1.07
Portion to
Principal
$202.67
$203.68
$204.70
$205.73
$206.75
$207.79
$208.83
$209.87
$210.92
$211.97
$213.03
$214.06
Done
Principal at
End of Period
$2500.00
$2297.33
$2093.65
$1888.95
$1683.22
$1476.47
$1268.68
$1059.85
$849.98
$639.06
$427.09
$214.06
$0.00
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